Wall Street brokerages expect USA Technologies, Inc. (NASDAQ:USAT) to announce earnings per share of $0.01 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for USA Technologies’ earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at $0.00. The business is scheduled to issue its next quarterly earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that USA Technologies will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.08. For the next financial year, analysts expect that the business will post earnings of $0.14 per share, with EPS estimates ranging from $0.08 to $0.18. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover USA Technologies.
USA Technologies (NASDAQ:USAT) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. USA Technologies had a negative net margin of 10.39% and a positive return on equity of 2.18%. The business had revenue of $32.51 million during the quarter, compared to the consensus estimate of $31.38 million.
USAT has been the topic of several recent analyst reports. Northland Securities restated a “buy” rating and set a $14.00 price objective on shares of USA Technologies in a research note on Thursday, March 15th. BidaskClub upgraded USA Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Finally, Zacks Investment Research upgraded USA Technologies from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Saturday, February 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. USA Technologies currently has an average rating of “Buy” and a consensus target price of $12.00.
USA Technologies (NASDAQ:USAT) traded up $0.17 during midday trading on Tuesday, reaching $9.72. 241,887 shares of the company traded hands, compared to its average volume of 516,937. USA Technologies has a twelve month low of $3.85 and a twelve month high of $10.10. The company has a current ratio of 1.36, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The firm has a market cap of $525.51, a P/E ratio of -40.29 and a beta of 0.68.
In other USA Technologies news, Director Albin F. Moschner sold 9,478 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $9.61, for a total transaction of $91,083.58. Following the transaction, the director now directly owns 352,926 shares in the company, valued at approximately $3,391,618.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Albin F. Moschner sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $9.45, for a total value of $189,000.00. Following the transaction, the director now owns 352,926 shares in the company, valued at $3,335,150.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,522 shares of company stock worth $290,210. Company insiders own 4.38% of the company’s stock.
A number of large investors have recently modified their holdings of USAT. New York State Common Retirement Fund lifted its stake in USA Technologies by 75.7% during the 2nd quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock valued at $154,000 after acquiring an additional 12,799 shares in the last quarter. Northern Trust Corp raised its stake in shares of USA Technologies by 12.3% during the 2nd quarter. Northern Trust Corp now owns 446,482 shares of the technology company’s stock worth $2,322,000 after purchasing an additional 48,836 shares during the period. Vanguard Group Inc. raised its stake in shares of USA Technologies by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,484,520 shares of the technology company’s stock worth $7,720,000 after purchasing an additional 44,378 shares during the period. State Street Corp raised its stake in shares of USA Technologies by 14.5% during the 2nd quarter. State Street Corp now owns 572,188 shares of the technology company’s stock worth $2,975,000 after purchasing an additional 72,356 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of USA Technologies by 17.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock worth $181,000 after purchasing an additional 5,263 shares during the period. Institutional investors and hedge funds own 56.05% of the company’s stock.
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USA Technologies Company Profile
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.
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